Bessent forecasts real wage gains could return as soon as this month after inflation spike.
“I would expect that perhaps as soon as this month, we're going to see real wage gains.”
Bessent expects real wage growth to resume as soon as next month after April spike.
“But we had had before April, we had seen real wage growth for working Americans every month during President Trump's presidency, and I would expect maybe even as soon as next month we will go back to that.”
Bessent says earnings growth for workers at 25th percentile outpacing overall wage growth
“A familiar act of mainstream media sophistry: work backward from a partisan verdict and then call the result analysis. The truth is wages are up for Americans across the distribution, but importantly earnings growth for Main Street workers at the 25th earnings percentile was https://t.co/EggVS98OwC”
Bessent dismisses Robert Reich critique, citing Bank of America data showing faster wage growth for low-income workers
“Once again, the professor has come up short… His latest screed is an impressive display of economic prestidigitation. He concedes that wages are growing faster for low-income workers and then attempts to bury that dispositive fact beneath nearly 2,000 words. Bank of America https://t.co/JGSZt09dRf”